Zacks Investment Research lowered shares of National Grid Transco, PLC (NYSE:NGG) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

According to Zacks, “NATIONAL GRID -ADR is an international energy delivery business, whose principal activities are in the regulated electricity and gas industries. They own and operate the high-voltage electricity transmission network in England and Wales, and Britain’s natural gas transportation system. In the US they are one of the top ten electricity companies, with the largest electricity transmission and distribution network in the New England/New York region. “

Other equities analysts also recently issued research reports about the stock. Berenberg Bank raised shares of National Grid Transco, PLC from a hold rating to a buy rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of National Grid Transco, PLC from a sell rating to a hold rating in a report on Monday, July 24th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $69.00.

National Grid Transco, PLC (NYSE:NGG) opened at $58.94 on Wednesday. National Grid Transco, PLC has a one year low of $58.80 and a one year high of $75.24. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.32.

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The company also recently declared a semiannual dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, November 24th will be issued a dividend of $1.0169 per share. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 22nd.

Several large investors have recently bought and sold shares of NGG. Capital International Investors boosted its holdings in National Grid Transco, PLC by 302.5% in the third quarter. Capital International Investors now owns 2,693,566 shares of the utilities provider’s stock worth $168,914,000 after purchasing an additional 2,024,400 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in National Grid Transco, PLC by 172.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,263,824 shares of the utilities provider’s stock worth $79,393,000 after purchasing an additional 799,514 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in National Grid Transco, PLC in the third quarter worth approximately $30,019,000. Reaves W H & Co. Inc. boosted its holdings in National Grid Transco, PLC by 190.2% in the second quarter. Reaves W H & Co. Inc. now owns 468,260 shares of the utilities provider’s stock worth $29,416,000 after purchasing an additional 306,919 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in National Grid Transco, PLC by 11.3% in the third quarter. Wells Fargo & Company MN now owns 1,871,386 shares of the utilities provider’s stock worth $117,355,000 after purchasing an additional 189,757 shares during the last quarter. Hedge funds and other institutional investors own 5.18% of the company’s stock.

About National Grid Transco, PLC

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

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